Governor Jon S. Corzine waves to the assembly before addressing a joint session of the New Jersey Legislature to unveil a multi-faceted plan to provide immediate assistance for Garden State residents and statewide long-term economic growth options to coax the state out of the current national economic recession in the Assembly Chambers in Trenton, N.J. on Wednesday, Oct. 16, 2008. (Governor's Office/Tim Larsen)
Corzine’s plan focused on job creation, prevention of mortgage foreclosures and increasing credit available to businesses. The governor advocated using $500 million from the state’s pension investments to help community banks boost their liquidity and make more money available for loans to local businesses. He also proposed a new program that would give businesses $3,000 for each new full-time job they create and maintain for at least one year.
Corzine also wants to pair newly available federal money with funds from the Housing and Mortgage Finance Agency to make $150 million available to prevent foreclosures and preserve neighborhoods.
PERTH AMBOY – Citing newly released unemployment numbers, Assemblyman Joseph Vas said now is a vital time to amend and reform New Jersey’s antiquated and restrictive corporation business tax laws.
Vas, the Assembly Commerce and Economic Development Committee chairman, noted that the new state Department of Labor and Workforce Development figures show the state lost 3,900 jobs in September.That brings the total number of jobs lost amid the global economic crisis this year in the state to 21,000.
“These job figures continue to prove that the crisis is taking a toll on every sector of our state economy.It is apparent that no one is completely immune to the economic fallout on Wall Street,” the assemblyman said. “We must provide state businesses – the foundation of our economic engine – with the tools they need to weather the economic crisis and continue to provide good paying jobs to New Jersey families.”
RAHWAY—Republicans running in five of the city’s six wards say city council Democrats have failed to provide proper oversight of the administration of Mayor James Kennedy.
In particular, GOP challengers say Kennedy was wrong to allow Peter Pellisier to double-dip at taxpayer expense following his retirement as city business administrator.
Pellisier received $331,000 in pension benefits while also collecting $294,000 as a consultant to the redevelopment agency while he lived in Montana during 2003 to 2006, according to leaflets distributed by Republicans.
LINDEN—A “Night of Sparkling Diamonds, Bubbling Champagne and Championship Boxing” will be held on Friday, Nov. 14, when the Linden Boxing Association, in conjunction with the Linden Public Property and Community Services Department presents the 75th annual New Jersey State Finals of the Diamond Gloves Boxing Tournament.
The full night of championship boxing entertainment is being sponsored by the Conoco Phillips Bayway Refinery and will be held at the Linden High School Gymnasium, located at 121 West St. Georges Avenue.The first fight is scheduled to begin at 8 p.m.Tickets can be purchased at the door for $10 each.Doors open at 7:30 p.m.
EDISON—The Clara Barton section of Edison now has a true autumn feel thanks to a recent fall planting.
Three dozen area residents spent a recent Saturday morning on the area’s main thoroughfare – Amboy Avenue – planting orange, yellow, pink and red mums and decorating lampposts with cornstalks.
Getting Ready For Fall—Three dozen area residents spent a recent Saturday morning on Amboy Avenue planting orange, yellow, pink and red mums and decorating lampposts with cornstalks.
“We thank these residents for their commitment to bettering our community,” said Mayor Jun Choi. “This type of community-minded service is one of the reasons why Edison is a great place to live, work and raise a family.”
RAHWAY—The City of Rahway Health Fair and Community Day will be Sunday, Oct. 19, starting at 10 a.m.
Come and receive free screening and information on many health issues. Screenings offered includes, blood pressure, vision, hearing, oral cancer, cholesterol, glucose, childhood lead screening, posture screening, dermascan and colorectal.
A complete blood work is $18; pre-register and pay at the Rahway Health Department. Rahway residents can also get influenza and pneumonia vaccinations. Medicare is accepted; for those not covered by Medicare, flu shots are $12, and pneumonia vaccine is $30, cash or check.